The following are the features of PNB Home Loan Balance Transfer:
The following are the benefits of PNB Home Loan Balance Transfer:
The following are the eligibility criteria for PNB Home Loan Balance Transfer:
The documents required for PNB Home Loan Balance Transfer are:
There is a process to be followed for availing the Home Loan Balance Transfer facility. The details of the process are as illustrated below:
Given below are details of charges levied on PNB Home Loan Balance Transfer:
|Type of Charge||Details|
|Interest||Starts at 8.60% p.a.|
|Processing fees||Up to 0.35% of the loan amount with a minimum of Rs. 2,500 and a maximum of Rs. 15,000|
|Charges for loan statement||Rs. 200 per instance|
|Overdue penal interest||2% p.m. on the overdue amount for the overdue period|
|Bounce charges-EMI||Rs. 500|
|Loan pre-closure statement||Rs. 500|
|Part-payment and pre-closure charges||Nil for floating interest rate loans|
For queries regarding the PNB Home Loan Balance Transfer you can contact the customer care helpline on the following numbers:
Toll- Free Numbers: 1800-180-2222, 1800-103-2222
24 X 7 Customer Care Numbers: 0120-2490000, 011-28044907
You can also send an SMS 'PNBHFL' to 56161
Apply for Home Loan Balance Transfer online instantly and get lower interest rate starting at 8.50% p.a. Get better terms and services. You can also avail instant top up loan facility during balance transfer.
To apply for PNB Home Loan Balance Transfer you should follow these simple steps:
The eligibility criteria for PNB Home Loan balance transfer are:
The quantum of loan is based on the value of the property and the income of the applicant. Generally, up to 80% of the value of the property will be funded.
The EMI fluctuation will be there if there is a change in the rate of interest, but the option of either changing the EMI or loan tenure is given to the borrower. The borrower can either opt for an extension in loan tenure or change in EMI as per their convenience.
You can either make part-payments or pre-payment without any charges.
The Interest Certificate will be dispatched to the borrower's mailing address for every financial year. In any case, the borrower can also approach any nearest PNB branch and obtain the required interest certificate.
Yes, the property has to be insured for protection against natural calamities and other eventualities.